M&A Deal Summary

MGM Resorts Acquires LeoVegas

On May 2, 2022, MGM Resorts acquired digital media company LeoVegas for 607M USD

Acquisition Highlights
  • This is MGM Resorts’ 1st transaction in the Digital Media sector.
  • This is MGM Resorts’ 2nd largest (disclosed) transaction.
  • This is MGM Resorts’ 1st transaction in Sweden.

M&A Deal Summary
Date 2022-05-02
Target LeoVegas
Sector Digital Media
Buyer(s) MGM Resorts
Deal Type Add-on Acquisition
Deal Value 607M USD

Target

LeoVegas

Stockholm, Sweden
LeoVegas is a global online gaming company with licenses in eight jurisdictions primarily in the Nordics and the rest of Europe. LeoVegas was founded in 2010 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

MGM Resorts

Las Vegas, Nevada, United States
Category Company
Founded 1986
Sector Leisure
Employees58,000
Revenue 16.2B USD (2023)
DESCRIPTION

MGM Resorts owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts was founded in 1986 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 3 of 4
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Sweden) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Marina District Development

Atlantic City, New Jersey, United States

Marina District Development Co. LLC ( Borgata Hotel Casino & Spa) is an owns and operator of casino and spa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Gold Strike

Tunica Resorts, Mississippi, United States

Gold Strike offers 1,133 stylish rooms and suites, dining, nightlife, and an integrated gaming experience with a 50,000-square-foot gaming area with 1,100 slot machines, and 61 table games. Gold Strike Tunica is based in Tunica Resorts, Mississippi.

Sell $450M
Mergr

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